The global security appliance market is expected to grow at a CAGR of
11.38% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the
global security appliance market. To calculate the market size, the
report considers the revenues generated from the sale of physical and
network security appliances that include the following:

Physical security appliances.

Network security appliances.

IP video surveillance systems include video recorders, cameras, and
storage devices. Private and public financial institutions have begun
using HD cameras, as they have high-quality imaging and up to 180 days'
worth of video storage. Moreover, IP cameras are more affordable than
analog cameras, and they are scalable and flexible.

According to the report, since 2010, there has been a significant
increase in global criminal attacks and data thefts. Loss of data from
organizations can be catastrophic as they contain confidential
information. Surveillance devices are used to track people involved in
data thefts and criminal activities. This includes criminals entering
countries in order to commit crimes. For this reason, airports and
seaports need to install security systems. The market has seen an
increased adoption of monitoring solutions to prevent unauthorized
access to property and information.

Further, the report states that the overall deployment cost of network
security appliances includes the cost of software licensing, system
designing and customization, implementation, training, and maintenance.
After the implementation of network security appliances, they have to be
upgraded regularly, which leads to an increase in the overall costs
incurred by an organization.